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EPF warns of bumpy year for equities

EPF warns of bumpy year for equities

PETALING JAYA: The Employees Provident Fund (EPF), which recorded the highest ever gross investment income of RM53.14 billion in 2017 and announced the highest dividend payout in the last two decades, foresees 2018 to be a bumpy year for the stock market following the recent heavy sell-off across the globe. The EPF’s equities portfolio contributed […]

February 12, 2018 | By | Reply More
No much improvement in Malaysia's housing affordability despite soft property market

No much improvement in Malaysia's housing affordability despite soft property market

KUALA LUMPUR: There has not been much improvement in Malaysia’s housing affordability despite a slow and challenging property market with little growth in transactional activity from the downtrend that was seen since 2013, according to real estate consultancy firm Rahim & Co International Sdn Bhd. Executive chairman Tan Sri Abdul Rahim Abdul Rahman said this […]

February 12, 2018 | By | Reply More
Slower GDP growth in Q4: Poll

Slower GDP growth in Q4: Poll

KUALA LUMPUR: Malaysia’s economy grew more slowly in the last quarter of 2017 than the blistering pace set in July-September, a Reuters poll showed, as exports increased at a slower rate. The median forecast in the poll of 12 economists was for annual growth of 5.7% in October-December, compared with the previous period’s 6.2% – […]

February 12, 2018 | By | Reply More
Malaysian economic growth slowed in Q4: Poll

Malaysian economic growth slowed in Q4: Poll

KUALA LUMPUR: Malaysia’s economy grew more slowly in the last quarter of 2017 than the blistering pace set in July-September, a Reuters poll showed, as exports increased at a slower rate. The median forecast in the poll of 12 economists was for annual growth of 5.7% in October-December, compared with the previous period’s 6.2% – […]

February 12, 2018 | By | Reply More
Kogas in LNG arbitration with Australia’s North West Shelf Gas

Kogas in LNG arbitration with Australia’s North West Shelf Gas

SEOUL/SINGAPORE: South Korea’s Korea Gas Corp (Kogas) has entered court-administered arbitration with Australian joint venture North West Shelf Gas seeking to settle a dispute over a liquefied natural gas (LNG) contract that expired in 2016. A spokesman for the state-run Korean firm, known as Kogas, confirmed the arbitration process was under way but declined to […]

February 12, 2018 | By | Reply More
KLK, Batu Kawan post lower Q1 earnings on weak CPO prices

KLK, Batu Kawan post lower Q1 earnings on weak CPO prices

PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) and its parent company Batu Kawan Bhd reported reduced earnings for the first quarter ended Dec 31, 2017, due to lower crude palm oil (CPO) prices. KLK’s net profit fell 11.1% to RM320.63 million for quarter under review against RM360.68 million in the previous corresponding period. Revenue was […]

February 12, 2018 | By | Reply More
Blockchain venture aims to modernise Islamic endowments

Blockchain venture aims to modernise Islamic endowments

SYDNEY: A new venture aims to use blockchain technology to modernise the management and investments of Islamic charitable endowments, called waqf, that would tap into a vast but underutilised pool of assets across the Muslim world. Singapore-based financial technology company Finterra has developed a crowdfunding platform that uses digital ledger technology, or blockchain, to create […]

February 12, 2018 | By | Reply More
Coincheck heist reveals flaws in Japan’s rush to draw up cryptocurrency rules

Coincheck heist reveals flaws in Japan’s rush to draw up cryptocurrency rules

TOKYO: After the Mt Gox cryptocurrency exchange was stung by a half-billion dollar theft in 2014, Japanese regulators swung into action. Their goal was to craft rules that both protected traders and allowed a promising sector to flourish. By last April, they thought they had arrived at a set of guidelines that did just that. […]

February 12, 2018 | By | Reply More
Asian markets mostly higher amid warnings of fresh volatility

Asian markets mostly higher amid warnings of fresh volatility

HONG KONG: Asian markets mostly rose today as buyers cautiously returned after last week’s global rout, with confidence boosted by a rally on Wall Street but analysts warning of further volatility. After a stellar 2017 and a January that saw record and multi-year highs around the world, traders are scurrying to the hills this month […]

February 12, 2018 | By | Reply More
Foreigners turn net sellers on Bursa

Foreigners turn net sellers on Bursa

PETALING JAYA: A reversal of trend occurred last week, with an exodus of foreign funds from stocks listed on Bursa Malaysia after six straight weeks of buying, according to MIDF Research. Based on preliminary data from Bursa, which excluded off market deals, international investors withdrew RM1.75 billion net of local equities last week, wiping off […]

February 12, 2018 | By | Reply More